Mainland China Outbound Remittances

With a view to mitigate the risks of loss of tax revenue in respect of outbound payments to foreign institutions and individuals, it is required by the Mainland Chinese tax authorities to go through certain procedures before outbound remittance can be made from out of Mainland China. Nature and amount of outbound remittance subject to… Continue reading Mainland China Outbound Remittances

Hiring employees vs independent contractors in Hong Kong

When you’re running an SME, you may come across the point that you need to hire workers for your company. This is an exciting milestone, but it can be challenging too. You have now the choice to either hire employees, independent contractors, or freelancers– or a combination of both. In this article, we will take… Continue reading Hiring employees vs independent contractors in Hong Kong

Financial due diligence in an M&A transaction

Due diligence is the best way to assess the value of a business, the associated risks and whether the transaction is viable when a company is considering an M&A transaction. There are several types of due diligence, the most commonly known being financial and legal due diligence. Legal due diligence reviews licenses, contracts, warranties and… Continue reading Financial due diligence in an M&A transaction

Hong Kong placed on EU ‘Grey List’ due to double non-taxation concerns

As expected, on 5 October 2021, Hong Kong and a few other jurisdictions* have been placed on the Grey List of Non-Cooperative Tax Jurisdictions (“Grey List”) by the European Union (“EU”). This is due to the EU’s concerns of double non-taxation of foreign-sourced passive income, such as interests and royalties, under Hong Kong’s territorial source system.

 

Start Your Journey with HKWJ Today!

HKWJ Tax Law & Partners makes it easy to begin. From tax compliance and advisory to accounting, incorporation, and business support, our team delivers tailored solutions with confidentiality and care — helping you move forward with confidence.

Contact us to explore how we can support your business and personal needs.

Contact Us
1